Tag #Trump Tariffs

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kathimerini.gr

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Apr 2, 22:16

Trump Announces Sweeping New Tariffs, Igniting Global Trade War

President Trump announced sweeping new tariffs on imported goods, including cars, beer, and aluminum cans, starting April 3, potentially raising consumer prices and disrupting global trade; the measures are in addition to existing tariffs on Chinese goods and steel and aluminum.

Trump Announces Sweeping New Tariffs, Igniting Global Trade War

President Trump announced sweeping new tariffs on imported goods, including cars, beer, and aluminum cans, starting April 3, potentially raising consumer prices and disrupting global trade; the measures are in addition to existing tariffs on Chinese goods and steel and aluminum.

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How will the new tariffs affect trade relations between the US and its allies?

These tariffs build upon existing measures, such as 20% tariffs on Chinese imports and 25% tariffs on steel and aluminum, totaling nearly $150 billion in affected goods. New tariffs include all beer and aluminum can imports; exemptions for Canadian and Mexican products from "fentanyl tariffs" also expire. The cumulative effect leads to significantly higher costs; a Mexican-made car, previously subject to a 2.5% import tax, could face total tariffs of 52.5%.

edition.cnn.com

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Apr 2, 04:14

Wall Street's AI Investment Slows Amid Economic Uncertainty and Tariff Fears

Wall Street's AI investment is slowing due to economic uncertainty, disappointing returns from AI startups like CoreWeave, and the upcoming Trump tariff announcement, leading to a market correction and potential delay in AI's widespread adoption.

Wall Street's AI Investment Slows Amid Economic Uncertainty and Tariff Fears

Wall Street's AI investment is slowing due to economic uncertainty, disappointing returns from AI startups like CoreWeave, and the upcoming Trump tariff announcement, leading to a market correction and potential delay in AI's widespread adoption.

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How do broader economic factors, such as inflation and recessionary fears, contribute to the current AI market correction?

The current slowdown in AI investment is linked to broader economic concerns, including inflation, potential recession, and the looming threat of new Trump tariffs. Companies like Microsoft have scaled back data center projects, indicating reduced future demand. This demonstrates a shift from the 'unlimited investment' mode fueled by a strong economy.

smh.com.au

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Apr 2, 10:18

Trump's Tariffs Hit Australian Exports

US President Donald Trump announced new tariffs on April 2nd, potentially impacting $7.1 billion of Australian agricultural exports to the US, while Australia has chosen not to retaliate.

Trump's Tariffs Hit Australian Exports

US President Donald Trump announced new tariffs on April 2nd, potentially impacting $7.1 billion of Australian agricultural exports to the US, while Australia has chosen not to retaliate.

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Why is Trump imposing these tariffs and what are his stated objectives?

Trump's tariffs aim to protect US industries and increase revenue by making imports more expensive for US consumers. While impacting Australian agricultural exports, the overall effect on the Australian economy is likely to be limited due to the relatively small proportion of total exports destined for the US. However, indirect effects from reduced demand by major US trading partners are possible.

theguardian.com

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Apr 1, 07:18

Trump's New Tariffs Risk Global Trade War

Facing opposition from some Republican senators, President Trump is set to announce new reciprocal tariffs this week, potentially sparking a global trade war and prompting retaliatory measures from major trading partners; markets reacted negatively, with Goldman Sachs raising its US recession probab...

Trump's New Tariffs Risk Global Trade War

Facing opposition from some Republican senators, President Trump is set to announce new reciprocal tariffs this week, potentially sparking a global trade war and prompting retaliatory measures from major trading partners; markets reacted negatively, with Goldman Sachs raising its US recession probab...

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How are US allies responding to Trump's tariff threats?

Trump's planned tariffs aim to address what he views as unfair trade practices, potentially provoking a global trade war. China, South Korea, and Japan are already strengthening their trade ties in response. The uncertainty is causing market volatility and increased recession fears, with Goldman Sachs raising its US recession probability to 35%.

news.sky.com

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Apr 1, 07:18

Trump Tariffs: Trade Deficit Doubles Amidst Record Gold Outflow

The potential imposition of US tariffs on China, reaching nearly 50%, mirrors the trade restrictions of the Iron Curtain and has caused a surge in gold exports to the US (£7.3bn in Dec-Jan) and a doubling of the US trade deficit to £131bn this January, contradicting intended goals.

Trump Tariffs: Trade Deficit Doubles Amidst Record Gold Outflow

The potential imposition of US tariffs on China, reaching nearly 50%, mirrors the trade restrictions of the Iron Curtain and has caused a surge in gold exports to the US (£7.3bn in Dec-Jan) and a doubling of the US trade deficit to £131bn this January, contradicting intended goals.

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What is the immediate economic impact of the proposed US tariffs on global trade, and how does it compare to historical precedents?

The Trump administration's tariffs on China, potentially reaching 50%, mirror the 48% tariff equivalent of the Iron Curtain in 1951. This level of tariffs could severely restrict trade between the US and China, as evidenced by a dramatic increase in gold exports from the UK to the US and a doubling of the US trade deficit in the past year.

nrc.nl

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Mar 31, 07:15

Trump to Announce Retaliatory Tariffs on April 2nd

On April 2nd, Donald Trump will announce retaliatory tariffs against several countries, including the EU, for allegedly unfair trade practices; investigations into these practices began on January 20th, resulting in potential economic consequences including reduced growth and increased inflation for...

Trump to Announce Retaliatory Tariffs on April 2nd

On April 2nd, Donald Trump will announce retaliatory tariffs against several countries, including the EU, for allegedly unfair trade practices; investigations into these practices began on January 20th, resulting in potential economic consequences including reduced growth and increased inflation for...

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What are the immediate economic consequences of Trump's planned tariff announcements on April 2nd?

On April 2nd, Donald Trump plans to announce retaliatory tariffs against various countries, including the EU, China, Canada, South Korea, Mexico, and Japan, citing unfair trade practices. These tariffs follow investigations launched on January 20th into trade barriers imposed by these nations. The immediate consequence will be increased prices for imported goods in the US.

news.sky.com

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Apr 2, 01:15

Trump's Tariffs: Global Trade War and UK Economic Fallout

President Trump's planned "liberation day" tariffs on April 2nd, including a 25% levy on all imported cars, threaten global trade, particularly impacting the UK's automotive sector, despite ongoing negotiations for a UK-US economic deal; retaliatory tariffs are also being imposed by several nations.

Trump's Tariffs: Global Trade War and UK Economic Fallout

President Trump's planned "liberation day" tariffs on April 2nd, including a 25% levy on all imported cars, threaten global trade, particularly impacting the UK's automotive sector, despite ongoing negotiations for a UK-US economic deal; retaliatory tariffs are also being imposed by several nations.

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What are the immediate economic consequences of President Trump's tariff policies on global trade and the UK?

President Trump's use of tariffs as a trade weapon has led to increased prices for consumers and damaged foreign economies. The 25% tariff on cars imported to the US will significantly impact the UK's automotive sector, which exported \$6.4 billion worth of cars to the US in 2023. Retaliatory tariffs from other countries, including China and Canada, are also impacting global trade.

nbcnews.com

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Apr 2, 04:15

S&P 500 Up Despite Tariff Uncertainty, Weak Data

On Tuesday, the S&P 500 closed up 0.38% at 5,633.07 despite economic data weaker than expected and anticipation of President Trump's tariff policy announcement, scheduled for Wednesday, which is expected to include reciprocal tariffs on goods from almost all countries.

S&P 500 Up Despite Tariff Uncertainty, Weak Data

On Tuesday, the S&P 500 closed up 0.38% at 5,633.07 despite economic data weaker than expected and anticipation of President Trump's tariff policy announcement, scheduled for Wednesday, which is expected to include reciprocal tariffs on goods from almost all countries.

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What was the market's immediate reaction to the anticipated tariff announcement and weaker economic data?

The S&P 500 closed at 5,633.07 on Tuesday, up 0.38% despite volatile trading and weaker-than-expected economic data. The Nasdaq Composite also gained 0.87%, while the Dow Jones Industrial Average slipped slightly. This follows a volatile Monday, with the S&P 500 experiencing significant intraday swings.

zeit.de

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Apr 1, 07:18

Trump Announces Wide-Ranging Tariffs on EU Imports

On Wednesday, US President Trump announced new, sweeping tariffs on European Union imports, escalating the ongoing trade dispute and potentially impacting various sectors including automotive, pharmaceuticals, and technology. The move is intended to address the US trade deficit with the EU and stren...

Trump Announces Wide-Ranging Tariffs on EU Imports

On Wednesday, US President Trump announced new, sweeping tariffs on European Union imports, escalating the ongoing trade dispute and potentially impacting various sectors including automotive, pharmaceuticals, and technology. The move is intended to address the US trade deficit with the EU and stren...

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What are the immediate economic and political consequences of Trump's new tariff announcement on the EU?

President Trump announced new, wide-ranging tariffs on Wednesday, impacting European Union exports to the US. This follows weeks of Trump criticizing the EU's trade surplus with the US, aiming to correct this imbalance and boost American production. The exact nature of the tariffs remains unclear, but they could range from across-the-board increases to targeted levies on specific products.

cincodias.elpais.com

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Apr 1, 10:17

Trump's Surprise Tariffs Shake Global Markets

President Trump's surprise announcement of sweeping reciprocal tariffs, dubbed "The Big One", on April 2nd, is expected to increase US inflation by 3.5% and decrease growth by 2025, impacting global markets and potentially causing a US recession, according to Goldman Sachs.

Trump's Surprise Tariffs Shake Global Markets

President Trump's surprise announcement of sweeping reciprocal tariffs, dubbed "The Big One", on April 2nd, is expected to increase US inflation by 3.5% and decrease growth by 2025, impacting global markets and potentially causing a US recession, according to Goldman Sachs.

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What are the immediate economic consequences of President Trump's new "Big One" tariffs, and how significant is their global impact?

On April 2nd, President Trump announced a new round of reciprocal tariffs, dubbed "The Big One," surprising investors and analysts. This unexpected announcement caused significant market uncertainty and added economic strain to the already struggling US economy and stock market.

nbcnews.com

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Apr 1, 07:18

Trump's Tariffs Spark Republican Divisions, Farmer Concerns

President Trump is expected to impose tariffs on imports from all countries, prompting concern among Republican lawmakers who are seeking exemptions for goods vital to the U.S. agricultural sector; this action could lead to another farmer bailout and has created a divide within the GOP between farmi...

Trump's Tariffs Spark Republican Divisions, Farmer Concerns

President Trump is expected to impose tariffs on imports from all countries, prompting concern among Republican lawmakers who are seeking exemptions for goods vital to the U.S. agricultural sector; this action could lead to another farmer bailout and has created a divide within the GOP between farmi...

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How does the Republican Party's response to the impending tariffs reflect the differing economic interests within the party and the country?

The looming tariffs risk exacerbating existing challenges faced by American farmers, including low profit margins and susceptibility to uncontrollable factors like weather. Republican lawmakers are divided, with some seeking exemptions to mitigate the impact while others adopt a wait-and-see approach. This division reflects differing priorities between agricultural and non-agricultural sectors.

aljazeera.com

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Mar 31, 10:10

Trump Announces Global Reciprocal Tariffs

President Trump announced on Sunday that reciprocal tariffs, set to be unveiled on April 2, will apply to all countries, reversing prior statements suggesting a narrower focus; this broad approach has already caused significant drops in Asian stock markets and a rise in the price of gold.

Trump Announces Global Reciprocal Tariffs

President Trump announced on Sunday that reciprocal tariffs, set to be unveiled on April 2, will apply to all countries, reversing prior statements suggesting a narrower focus; this broad approach has already caused significant drops in Asian stock markets and a rise in the price of gold.

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What is the immediate impact of President Trump's announcement to impose reciprocal tariffs on all countries?

President Trump announced that reciprocal tariffs will apply to all countries, contradicting prior statements suggesting a focus on countries with significant trade imbalances. This broad approach could significantly escalate trade tensions globally, impacting numerous economies and potentially sparking retaliatory measures.

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